The tech biggies are getting into a recruitment spree. It appears that collectively TCS, Wipro and Infosys are planning to hire about 35000 to 50000 new staff this year. If you recall the performance of these companies were not bad and some them have gone beyond the expectations. With the positive global clues, it is very much possible that the big tech companies are planning for higher growth.
According to India Times, TCS plans to hire about 30000 new staff in the financial year 2010-11 where as Wipro has plans to hire 7500 in the next two quarters.
TCS CEO and MD N Chandrasekaran said, “China is a tough market for IT firms and the company was seeing business opportunity in Europe.” The company is currently seeing an 8-10% growth in revenue from domestic operations and is eyeing a double-digit growth in the next two years.
Chandrasekaran said the company had signed a few large deals as well as a number of smaller ones. “The financial services sector will drive growth. We expect good growth from retail, pharma and utilities,” he said.
The company, however, expects a lesser growth from verticals such as telecom and manufacturing.
Chandrasekaran said the company will hike salaries of its employees in the coming fiscal, but did not give details. TCS, has not hiked wages in the current fiscal, but employees have received 150 per cent VA payouts in two consecutive quarters — Q2 and Q3 of FY’10.
“We are on a path to hire 1,000 people. We have already hired 300,” he said, replying to a query on hiring plans for the current fiscal. In Q3 of FY-10, TCS had made 7,692 net additions, compared with a net addition of 320 in the previous quarter.
According to Wallstreet, Infosys plans to higher another 20000 in the next fiscal year. In a recent announcement as reported by The Hindu, they have plans to hire 15000 from the campus.
“We are looking for acquisitions,” Infosys Chief Executive Officer and Managing Director Kris Gopalakrishnan told reporters here on the sidelines of the NASSCOM India Leadership Forum on Thursday.
The company is looking at acquisitions across Europe, and non-English speaking countries and even in the U.S., Mr. Gopalakrishnan said, adding, “we are open to acquisitions everywhere…and across verticals.”
He said the company has plans to recruit from campuses for the next year. “We are already recruiting in the campuses.
In the campuses, we hope to recruit 15,000 people.”
“We already gave a raise (in salary) in October, about 8 per cent on an average in India. And what we will do in April, we will wait and see because the next cycle for increment is in April,” Mr. Gopalakrishnan said.
Similar to Infosys, Wipro handed out salary increments to all its employees. With effect from February 1, employees got a pay hike in the 8% to 12% range with some even getting a 15% increase.
One can see more companies coming to the campus as well as hiring staff from smaller IT companies. Are you ready for a change?